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24th May 2023
Brown & Brown. enters into agreement to acquire Kentro Capital d/b/a Nexus Underwriting and Xenia Broking
Trend
J.Scott Penny, chief acquisitions officer of Brown & Brown, has announced that Brown & Brown has entered into an agreement to acquire Kentro Capital Limited(Kentro). The transaction is expected to close in the fourth quarter of 2023, subject to certain closing conditions, including the receipt of required regulatory approvals.
Kentro is an insurance industry group headquartered in London, managing over £500m of gross written premium. The collective Kentro team is composed of more than 350 insurance professionals operating from offices in the UK, US, Europe, Asia and Dubai. From its founding in 2008, the Kentro companies, Nexus, Xenia, Millstream, Capstone Brokers and Spectrum Risk Management, have focused on product specialisation and underwriting discipline as cornerstones for growth.
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